USDCAD: Going as Planned - Looking for Capitulation!

USDCAD: Going as Planned - Looking for Capitulation!

19 April 2016, 09:27
AynGannRand
0
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Yesterday, we updated our analysis and forecast on USDCAD and stated that the major move down is not complete:

"In this 4h chart, currently we have a clear a-b-c structure from the lows and prices have re-set all their oversold levels. Ideally, the upper-bound of the channel should hold and we expect USDCAD to move down for the last time during this period." - USDCAD: It's Not Over Yet!

We started short positions immediately when price touched the upper-bound of the channel (1.2940) with stop-loss at ... Read More

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